The last time the Mach 1 name was used for an official Ford Mustang was back in 2003-2004 where the car featured an uprated 4.6-liter V8 engine developing 305hp. Additionally, the 2003 Ford Mustang Mach 1 included front Brembo brakes measuring 13-inch and Tokico shocks and stiffer springs. These new reports suggest that the Mach 1 name could in fact be used in a new Ford Mustang variant as soon as 2017.

In regards to the aforementioned Shelby GT350 making a return in the next-generation Ford Mustang, it’s believed that rather than being a tuning package available directly from Shelby like the current Shelby GT350, the new Shelby GT350 will be an official Ford factory model just like the current, range-topping 2014 Ford Shelby Mustang GT500.

The 2015 Ford Mustang which is currently codenamed the S550, is set to be a dramatic departure from Ford Mustangs of the past with it expected to debut with a selection of new technologies separating it from its rivals. Most prominently, the 2015 Ford Mustang is predicted to receive independent rear suspension as well as a turbocharged four-cylinder EcoBoost engine from the Ford Focus ST.